https://www.taxtmi.com/caselaws?id=757726 ITAT Mumbai allowed the assessee's appeal regarding exemption under Section 80P(2)(d) for interest income from deposits with cooperative banks. The tribunal held that interest earned from deposits with cooperative banks qualifies for deduction under Section 80P(2)(d), following a coordinate bench decision with similar facts. The AO was directed to allow the claimed deduction for assessment years 2015-16 and 2018-19. en-us Fri, 23 Aug 2024 00:00:00 +0530 Fri, 30 Aug 2024 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757726 ITAT Mumbai allowed the assessee's appeal regarding exemption under Section 80P(2)(d) for interest income from deposits with cooperative banks. The tribunal held that interest earned from deposits with cooperative banks qualifies for deduction under Section 80P(2)(d), following a coordinate bench decision with similar facts. The AO was directed to allow the claimed deduction for assessment years 2015-16 and 2018-19. Case-Laws Income Tax Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757726